The European Commission has
commissioned research on policy questions
on the regulation of electronic money
by means of a series of open and published questions,
mailed to interested parties across the Internet.

Here are
questions and responses
prepared by Ian Grigg. The flavour is informal, but rather critical,
as it was felt that a devil's advocate approach was more
useful in this context of broad, open discussion. We
welcome this chance to contribute!

Other commentators have forwarded
their responses directly, and these have resulted in a

Round Table Workshop

being conducted 31st March, 1999 in Amsterdam.
Some 30 people attended, including
from Japan and the US.
Here are the
informal notes
I made.

Explanatory Memorandumon the
Commission proposal for European Parliament and
Council Directives on the taking up, the pursuit
and the prudential supervision of the business of
electronic money institutions,
including theDraft Directive.

Opinion of the EMI Council on the
issuance of electronic money.
This is the follow-up to the
1994 report on Prepaid Cards,
listed below, and now extended to
Internet Money.

Henny van der Wielen of the Dutch Central Bank on
Electronic Money: a European Perspective.
This talk gives important clues as to the evolving approach
to Internet and smart card money by the European regulators.

The Goodhart paper was deciphered from PFDF
in a process that used GoHtm.com's
excellent service
to get the text out and then a manually written massage script
to make sense of it. PFDF remains a way to limit the spread of
important information.